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Dec 25, 2012
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germany can affo to bailout greece. nobody can afford to bailout the united states, and i would agree actually th bill archer that i think he understated. if you take the total debt situation, you're talking about just shy of three-quarters of a million dollars for the -- per american family. so you get a cup of coffee from a waitress in the diner, think of loading three-quarters of a million dollars of debt on to her shoulders for what? for what? does nothing to show for. lou: her children and their children that will be paying a large measure of that. great to have you with us. making spirits bright. and after america with one of the ugliest pictures of an american cadaver toe tag to. >> doom and the oven is the into debt. lou: at least some balance here. you know how much are presidenta taxes on our middle-class. >> the bill is passed. lou: the house passes the stem emigration bill. some democrats call it racist and pandering. how is that? and republicans also introduced the achieve act. other republicans taking the
germany can affo to bailout greece. nobody can afford to bailout the united states, and i would agree actually th bill archer that i think he understated. if you take the total debt situation, you're talking about just shy of three-quarters of a million dollars for the -- per american family. so you get a cup of coffee from a waitress in the diner, think of loading three-quarters of a million dollars of debt on to her shoulders for what? for what? does nothing to show for. lou: her children and...
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Dec 25, 2012
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greece downgraded deeper into junk." >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cart away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interesting times. >> interesting and difficult. but perhaps every interesting time is also a very difficult time, because easy times are not interesting perhaps. >> brown: a poet and elder statesman of greek letters, he's seen many of the hardships and horrors of greek history in the 20th century, including the german occupation in world war ii. >> here is athens during the occupation. a street in the center of athens, against the occupation. >> brown: so this was part of your life? >> somewhere back there, i'm in the crowd. >> brown: even more devastating, he says, was the greek civil war that followed, one that led to his own captivity and torture on an island prison. so you've seen much worse? >> i give always this example: that during the winter of 1940 to '41, every
greece downgraded deeper into junk." >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cart away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interesting times. >> interesting and difficult. but perhaps every interesting time is also a very difficult time, because easy times are not interesting perhaps....
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Dec 27, 2012
12/12
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similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the conservative prime minister, he is not a stupid man. he was a terrible prime minister, but he is not a stupid man. you know what he did? he bailed out. he has not spoken since. he affectively called for a general election. he did not contest it. it was much worse than obama's first debate. he appeared before them and was like "don't vote for me." he lost that election. he did not have to call for that election. he called for it to lose it, to stay at home. he has not spoken since. he is having a nice holiday. and then there was papandreou. i was an advisor up until 2006. so i am not to blame. who unfortunately, he did not see the crisis of the eurozone collapsing. the eurozone had no foundation. there was an earthquake. it starts unraveling with greece. and let's say between 1995 2008 god and his angels descended on an athens and ran the show. with rationality, omniscience, ethos, and morality. greece would not have been the
similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the conservative prime minister, he is not a stupid man. he was a terrible prime minister, but he is not a stupid man. you know what he did? he bailed out. he has not spoken since. he affectively called for a general election. he did not contest it. it was much worse than obama's first debate. he appeared before them and was like "don't vote for...
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debt ridden greece gets its latest installment of bailout funds needed to keep the economy afloat in exchange for a debt buyback scheme which many see as counterproductive. and as the u.n. atomic watchdog resumes talks with iran and we look at why many iranians consider acquiring nuclear energy as not just a matter of necessity but of national pride. world news live from our moscow headquarters i'm lucy catherine of and you're watching our t.v. well a ukrainian journalist kidnapped by syrian rebels faces execution on thursday unless a fifty million dollar ransom is paid and car has been working in syria during the conflict helping international news outlets including our team. now the world's main groups defending journalist have strongly condemned this attack as well as the general targeting of reporters our middle east correspondent paula slayer has been following those developments for us the journalists unhappy coach never was taken hostage in october and holmes the free syrian army has held her for nearly two months they've accused her of being both a russian and a syrian spy sh
debt ridden greece gets its latest installment of bailout funds needed to keep the economy afloat in exchange for a debt buyback scheme which many see as counterproductive. and as the u.n. atomic watchdog resumes talks with iran and we look at why many iranians consider acquiring nuclear energy as not just a matter of necessity but of national pride. world news live from our moscow headquarters i'm lucy catherine of and you're watching our t.v. well a ukrainian journalist kidnapped by syrian...
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was part of the second bailout loans which greece started receiving. it's not the banks that have failed it's. the economic situation that was created that has decimated the greek banking sector which was. one among the most resilient. in europe it was not a never exposed to toxic instruments will function fine but then came the now these banks are now nonetheless if these bags do need a bailout i guess some of the brunt of that is going to fall on the public isn't it . oh no most of it is going to fall to the dock on the public because the loans on which. this recapitalization of the banking sector is going to greece are coming from. the troika e.u. i.m.f. and the e.c.b. and they are going to be paid they're going to be part of the big national debt which is going to be paid by the greek taxpayer who is already blackly so it does is also it is bad news for the greek public. communal immediately a very short. yes i can last question tears on how do you assess this whole bailout policy the whole bailout strategy for greece the you say your country when
was part of the second bailout loans which greece started receiving. it's not the banks that have failed it's. the economic situation that was created that has decimated the greek banking sector which was. one among the most resilient. in europe it was not a never exposed to toxic instruments will function fine but then came the now these banks are now nonetheless if these bags do need a bailout i guess some of the brunt of that is going to fall on the public isn't it . oh no most of it is...
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Dec 1, 2012
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. >> the german parliament approves billions in loans and guarantees to save greece from bankruptcy. >> with more and more shoppers seeking out handcrafted and traditional gifts, germany's famous christmas markets struggled to keep up with the demand. tens of thousands of egyptians are out protesting against president morsi at this hour after an islamist-led assembly raced through the approval of a new constitution, a move to end the crisis. >> the document is based on sharia law. critics say it ignores fundamental democratic principles and marginalizes the nation's large christian populations. it has set the stage for conflict in a more increasingly divided nation. >> opponents of the president are outraged at the document adopted by the assembly. protesters are maintaining a vigil, and demonstrations are growing. critics warn that egypt is fast becoming an islamic state. >> hosni mubarak never divided the egyptian people. now, there is president morsi, and we do not know if he is the president of egypt or the president of the muslim brotherhood. >> islamists who dominate the assemb
. >> the german parliament approves billions in loans and guarantees to save greece from bankruptcy. >> with more and more shoppers seeking out handcrafted and traditional gifts, germany's famous christmas markets struggled to keep up with the demand. tens of thousands of egyptians are out protesting against president morsi at this hour after an islamist-led assembly raced through the approval of a new constitution, a move to end the crisis. >> the document is based on sharia...
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Dec 21, 2012
12/12
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greece is at the front line of the migration challenge. more than 80% of migrants into into the european union and they do go through greece. thousands end up in detention camps and many of those who are not detained spent days and nights waiting to apply for asylum. other recent months, there has been a wave of attacks on immigrants, a number of them being stabbed to death. it is not just the illegal migrants or asylum seekers feeling under attack. some of them are feeling targeted even when they are there legally. this racially motivated attack coincides with the rise in popularity of a far right parties like the golden who blame some of the country's problems on illegal migration. greece, which is in the grips of its worst recession in decades, has called on do you for more help. the country says that they bear the disproportionate weight of the illegal immigration burden. >> as 2012 draws to a close, few countries have expressed as much change this year as burma there are moves to end the armed conflicts which have plagued burma since
greece is at the front line of the migration challenge. more than 80% of migrants into into the european union and they do go through greece. thousands end up in detention camps and many of those who are not detained spent days and nights waiting to apply for asylum. other recent months, there has been a wave of attacks on immigrants, a number of them being stabbed to death. it is not just the illegal migrants or asylum seekers feeling under attack. some of them are feeling targeted even when...
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debt ridden greece gets its latest installment of bailout funds needed to keep the economy afloat exchange for a debt buyback scheme which many see is counterproductive. and is the u.n. atomic watchdog resumes talks with iran to look at why many iranians consider acquiring nuclear energy is not just a matter of necessity but of national pride. national news and comment twenty four hours a day this is r.t. ukrainian journalist a kidnapped by syrian rebel forces forces execution thursday unless a fifty million dollars ransom is paid and. had been working in syria during the conflict helping international media including our team european federation of journalists strongly condemned the targeting reporters and making outrageous demands well middle east correspondent paula slipper is following developments. the journalist and her coach never was taken hostage in october in your homes the free syrian army has held her for nearly two months they've accused her of being both a russian and a syrian spy she has appeared to you tube videos that were released by the free syrian army and in one of tho
debt ridden greece gets its latest installment of bailout funds needed to keep the economy afloat exchange for a debt buyback scheme which many see is counterproductive. and is the u.n. atomic watchdog resumes talks with iran to look at why many iranians consider acquiring nuclear energy is not just a matter of necessity but of national pride. national news and comment twenty four hours a day this is r.t. ukrainian journalist a kidnapped by syrian rebel forces forces execution thursday unless a...
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germany will be giving more financial aid towards greece now we saw m.p.'s voting with four hundred seventy three saying yes to this aid package one hundred saying no and eleven abstentions now what this does mean though and it's being talked about throughout the week is in next year alone it could cost germany over seven hundred million euros but we are seeing the politicians at least giving their support financial support towards greece but that support isn't being particularly backed up by some of the electorate here people on the streets of germany suggesting that perhaps greece should be left to its own devices. that is enough because we won't see this money ever again. at some point it should be stopped it's high time they were capable of helping themselves we're ok for now but someday we could also go broke there's alice speck north like no doubt to vice is all you we have already given at least so much more on the issues started only a lot going on hunger strike. and there's nothing more it's made i don't well they were people speaking just outside
germany will be giving more financial aid towards greece now we saw m.p.'s voting with four hundred seventy three saying yes to this aid package one hundred saying no and eleven abstentions now what this does mean though and it's being talked about throughout the week is in next year alone it could cost germany over seven hundred million euros but we are seeing the politicians at least giving their support financial support towards greece but that support isn't being particularly backed up by...
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Dec 29, 2012
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greece and spain were the worst hit. >> eventually, it was the european central bank's controversial bond-buying program that manage to come down the markets -- calm down the markets. >> germany's finance minister says he thinks the worst is behind us. is he right? >> the wildfires in 2012 were the worst spain had experienced in years, but it was not the only disaster the country had to deal with. the financial sector was also in flames. right from the beginning of the year, it was clear that the eurozone had a tough time ahead. credit rating agencies handed out significant downgrades to spain and portugal in particular. europe's firefighting coalition of finance ministers hoped a fiscal pact with tight budgetary controls and national debt breaks would need future crises in the bud, but some economists were more realistic. >> the fiscal pact was basically superfluous. we already knew that all the countries were trying to cut back. weather or not they continue making cuts in 2018, which is what the fiscal pact promise, is of little interest to the markets. >> agrees also posed a chall
greece and spain were the worst hit. >> eventually, it was the european central bank's controversial bond-buying program that manage to come down the markets -- calm down the markets. >> germany's finance minister says he thinks the worst is behind us. is he right? >> the wildfires in 2012 were the worst spain had experienced in years, but it was not the only disaster the country had to deal with. the financial sector was also in flames. right from the beginning of the year,...
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is this is side you think that greece is on the road to recovery in a better bet these days or not going to. listen to music. but unfortunately. there. isn't an easy to. just give you an example. as we thought. but of course it's easy for your to so will use to determine experience so. will you see. more and. more stuff in for people with. so it's going to get tougher for angela merkel to get the there the backing to do this and it's going to get tougher for greece to come cap in hand in the future and is well let's let's talk about what the public think of it in germany gather some sixty percent of germans would rather see greece kicked out of the euro zone rather than pour more cash into it even if it's even as it stands at the moment along and you think can't keep up her financial support or is this the edward well you know. the. the oregon national audience is and look of you know. for recent it's not exactly a problem or for this between countless interest through the. economic divide between the sides in the north but long as the new congress we're going to see that clearly or spen
is this is side you think that greece is on the road to recovery in a better bet these days or not going to. listen to music. but unfortunately. there. isn't an easy to. just give you an example. as we thought. but of course it's easy for your to so will use to determine experience so. will you see. more and. more stuff in for people with. so it's going to get tougher for angela merkel to get the there the backing to do this and it's going to get tougher for greece to come cap in hand in the...
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breeds a sigh of relief as greece scrapes through with its. watchdog talks with iran to examine. how secret nuclear. to practice is if. you're watching kerry johnston at least sixteen people have reportedly been killed and many more injured including children in a bomb explosion in the syrian capital of damascus this follows several blasts outside the interior ministry building in damascus on wednesday it's not yet clear who was behind the bombings. and admitted it was responsible for similar attacks in the past washington has denounced the most terrorists something the key rebel coalition in syria has condemned what is going to experience. it's clear that washington is trying to distance itself from extremists in syria they have designated the front a terrorist organization it's thought to be one of the most aggressive and ruthless groups currently involved in the conflict washington's decision to call them terrorists is seen as more of a symbolic move because many other fighters in syria possibly most of them welcome the efforts of those there's a terrorist efforts that include
breeds a sigh of relief as greece scrapes through with its. watchdog talks with iran to examine. how secret nuclear. to practice is if. you're watching kerry johnston at least sixteen people have reportedly been killed and many more injured including children in a bomb explosion in the syrian capital of damascus this follows several blasts outside the interior ministry building in damascus on wednesday it's not yet clear who was behind the bombings. and admitted it was responsible for similar...
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your resume sire relieved as greece's great strewn with its dead buyback scheme with afghans now pulling flying for billions more in bailout cash. and the new u.n. nuclear watchdog or news talks with iran hoping to examine facilities they believe how secret up comic development might the evidence to back this is pushing this. it's not me i'm here in moscow are you watching our team with me to bomb what's a washington's decision to brand a leading rebel group in syria as a terrorist organization spock's of course of all drage among others who enjoy america's overwhelming support the key rebel coalition recognized by the u.s. as the sole representative of all the syrian people has thrown its weight behind al qaeda linked to al nusra front archies gannett you can experience it's clear that washington is trying to distance itself from extremists in syria they have designated the front a terrorist organization it's thought to be one of the most aggressive and ruthless groups currently involved in the conflict washington's decision to call them terrorists this in as more of a symbolic move bec
your resume sire relieved as greece's great strewn with its dead buyback scheme with afghans now pulling flying for billions more in bailout cash. and the new u.n. nuclear watchdog or news talks with iran hoping to examine facilities they believe how secret up comic development might the evidence to back this is pushing this. it's not me i'm here in moscow are you watching our team with me to bomb what's a washington's decision to brand a leading rebel group in syria as a terrorist organization...
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Dec 28, 2012
12/12
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no mosques have been built in athens since christian greece gained independence in 1832, the omi e.u. capital without. but could that change? this was the site chosen for the first mosque. but previous promises have come to nothing in there is a financial crisis. >> there was a fear in the greek society about the construction of a mosque. we must overcome these fears. it is the commitment of the greek state about the construction and commitment. >> there is still resistance. well over 90% of greeks are orthodox christians. while many accept the moscow plan, many are opposed, resentful of mass migration here. >> greece fought hundreds of centuries of terrorism -- of tyranny by muslims. we totally oppose this. >> pride in their own faith is clear, but can they resist the respect of the other? this is a country where religion is intrinsic to national identity, where church and state are intimately linked. the questions for today's greece is what kind of state is willing to become, how tolerant, how multicultural. looking,ore inward more fearful, but greece must now decide whether to exte
no mosques have been built in athens since christian greece gained independence in 1832, the omi e.u. capital without. but could that change? this was the site chosen for the first mosque. but previous promises have come to nothing in there is a financial crisis. >> there was a fear in the greek society about the construction of a mosque. we must overcome these fears. it is the commitment of the greek state about the construction and commitment. >> there is still resistance. well...
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you're of reduced relieved as greece is going through with it buybacks with athens now qualifying for billions more in bailout cash. and the u.i. a nuclear watchdog renews talks with iran hoping to examine facilities they believe the secret development despite little evidence to back this is patience. it's eleven am here in moscow you're live with us on our team washington's decision to brand a leading a rebel group in syria as a terrorist organization sparks a chorus of al drage among others who enjoyed america's overwhelming support the key rebel coalition recognized by the u.s. as the sole representative of the syrian people has thrown its weight behind the al qaeda linked to al nusra front which is going to change again explains. it's clear that washington is trying to distance itself from extremists in syria they have designated a front a terrorist organization it's thought to be one of the most aggressive and ruthless groups currently involved in the conflict washington's decision to call them terrorists this seen as more of a symbolic move because many other fighters in syria p
you're of reduced relieved as greece is going through with it buybacks with athens now qualifying for billions more in bailout cash. and the u.i. a nuclear watchdog renews talks with iran hoping to examine facilities they believe the secret development despite little evidence to back this is patience. it's eleven am here in moscow you're live with us on our team washington's decision to brand a leading a rebel group in syria as a terrorist organization sparks a chorus of al drage among others...
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melissa: some shocking news out of greece now. uninnded consequence of its 2 dal billion euro health care debt is making it nearly impossible for hospitals touy basic supplies like gloves, syringes, letalone crucial medications. on top of that massive layoffs mean fewer doctors and nurses are treating more patients. the severe lack of medical supplies is making much more easy for disease to spread especially from a country whose main industry is tourism. we have lee vinokur from louisiana university shreveport. thanks for joining us. >> my pleasure. melissa: how serious of a problem is this? >> it is a true greek tragedy because the greeks were somewhat responsible. at one point their health care system covered evybody for everything, the most expensive medicines. it was 10% of their gdp. and then the imf put them on strict austerity. they had a huge debt. they were borrowing a lot to cover medications and such. and the austerity budget really cut back to the point where kids an't getting vaccinated now. there is no vaccinations.
melissa: some shocking news out of greece now. uninnded consequence of its 2 dal billion euro health care debt is making it nearly impossible for hospitals touy basic supplies like gloves, syringes, letalone crucial medications. on top of that massive layoffs mean fewer doctors and nurses are treating more patients. the severe lack of medical supplies is making much more easy for disease to spread especially from a country whose main industry is tourism. we have lee vinokur from louisiana...
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Dec 29, 2012
12/12
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this year everything in greece changes. after the crunch down on the greek people, making them pay for a crisis they had nothing to do with, making them a for bailing out the richest folks in greece, etc. the greek people did what no one thought they would. in the last two elections, a majority of greek people did not vote for either of those parties. try to understand what it would mean if a majority of americans voted for night of the republicans or democrats. in the last election the two major parties of greece, new democracy and the socialist party together got under 40% of the vote. and the explosive new party is a party that is a far left wing party that is against all austerity programs and wants to solve greece's problems by taking wealth away from the traditional greek ridge. this is a party that until this year didn't get more the 2% or . this is a party that until this year didn't get more the 2% or 3% of thech . this is a party that until this year didn't get more the 2% or 3% of the. this is a party that until
this year everything in greece changes. after the crunch down on the greek people, making them pay for a crisis they had nothing to do with, making them a for bailing out the richest folks in greece, etc. the greek people did what no one thought they would. in the last two elections, a majority of greek people did not vote for either of those parties. try to understand what it would mean if a majority of americans voted for night of the republicans or democrats. in the last election the two...
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Dec 6, 2012
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check out greece. that's what happens when a country avoids making tough fiscal decisions for too long. >>> a top republican pollster about what went wrong on their side. a lot of information coming here and why if republicans don't change the way they do business they may be on the losing end of elections for years to come. plus, the black helicopter crowd is at it again. republicans in the senate reject a united nations treaty to ban discrimination against the disabled. they say it would allow u.n. officials to come into this country and force home-schooled children into government-run, that is public schools. senator john kerry joins us to cut through the nonsense. >>> also tonight, the simpson's mr. burns gives us a rich man's look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 20
check out greece. that's what happens when a country avoids making tough fiscal decisions for too long. >>> a top republican pollster about what went wrong on their side. a lot of information coming here and why if republicans don't change the way they do business they may be on the losing end of elections for years to come. plus, the black helicopter crowd is at it again. republicans in the senate reject a united nations treaty to ban discrimination against the disabled. they say it...
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Dec 29, 2012
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no mosques have been built in athens since christian greece gained independence in 1832, the omi e.u. capital without. but could that change? this was the site chosen for the first mosque. but previous promises have come to nothing in there is a financial crisis. >> there was a fear in the greek society about the construction of a mosque. we must overcome these fears. it is the commitment of the greek state about the construction and commitment. >> there is still resistance. well over 90% of greeks are orthodox christians. while many accept the moscow plan, many are opposed, resentful of mass migration here. >> greece fought hundreds of centuries of terrorism -- of tyranny by muslims. we totally oppose this. >> pride in their own faith is clear, but can they resist the respect of the other? this is a country where religion is intrinsic to national identity, where church and state are intimately linked. the questions for today's greece is what kind of state is willing to become, how tolerant, how multicultural. looking,ore inward more fearful, but greece must now decide whether to exte
no mosques have been built in athens since christian greece gained independence in 1832, the omi e.u. capital without. but could that change? this was the site chosen for the first mosque. but previous promises have come to nothing in there is a financial crisis. >> there was a fear in the greek society about the construction of a mosque. we must overcome these fears. it is the commitment of the greek state about the construction and commitment. >> there is still resistance. well...
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falling short of the target going over budget and failing to reach the desired result greece's thirty two billion euro dead buyback scheme is nevertheless being hailed as success the country's carriages are now expected to release athens of more bailout cash money that's been held hostage since some archies put all of our picks up the story. greece's given its financial package is something of an early christmas present by buying back a chunk of its debt from them however when they take the wrapping paper off gift they don't find it's a little less which they ask for as part of a pound buyback scheme which saw athens buy back its own problems at around thirty four percent of their original value recording to the french finance minister but that should be enough in order to see them receive the next round of bailout money that the country's been crying out for in fact they've been waiting for that cash since june the international monetary fund had expected greece to be able to get its debt situation down to one hundred twenty four percent of overall economic output by twenty twenty th
falling short of the target going over budget and failing to reach the desired result greece's thirty two billion euro dead buyback scheme is nevertheless being hailed as success the country's carriages are now expected to release athens of more bailout cash money that's been held hostage since some archies put all of our picks up the story. greece's given its financial package is something of an early christmas present by buying back a chunk of its debt from them however when they take the...
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greece has given its financial backers something of an early christmas present by buying back a chunk of its debt from them however when they take the wrapping paper off that gift they don't find it's a little less which they've asked for as part of a bone to buy back scheme which saw athens buy back its own problems at around thirty four percent of their original value recording to the french finance minister but that should be enough in order to see them receive the next round of bailout money that the country's been crying out for in fact they've been waiting for that cash since june the international monetary fund had expected greece to be able to get its debt situation down to one hundred and twenty four percent of overall economic output by twenty twenty now that really does not seem likely right now this is cause the i.m.f. to say well we won't be lending any more money to any countries that can't pay back their debts however there is a dangerous precedent with this in terms of greece be able to return the money of course private investors private creditors see greece well a lo
greece has given its financial backers something of an early christmas present by buying back a chunk of its debt from them however when they take the wrapping paper off that gift they don't find it's a little less which they've asked for as part of a bone to buy back scheme which saw athens buy back its own problems at around thirty four percent of their original value recording to the french finance minister but that should be enough in order to see them receive the next round of bailout...
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Dec 16, 2012
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government it would make us look like greece tomorrow. instead, they are in like netherland so stuff like this happens. >> we're beginning to look like greece right now. but some things have improved. prices have gone up but that is supply and demand issue. supply is way down so delinquency rights are still very high. >> this is biggest government stimulus program of all. people forget, this stimulus, five trillion bucks. the president is rallying about fat cat bay but they were exempt from dodd-frank. they basically dominate the mark 90% of the mortgage market. they've got government backing. they don't have to compete. they don't have to out perform. they make more money than the government overseer, that is doing their job. you have directors there making millions of dollars. we should have reined them in long time ago. >> there was a ignite named franklin rains, he made $90 million back during his reign and they gave out $45 million in bonuses. these organizations have a bad history. >> they got a bad history. we have always known tha
government it would make us look like greece tomorrow. instead, they are in like netherland so stuff like this happens. >> we're beginning to look like greece right now. but some things have improved. prices have gone up but that is supply and demand issue. supply is way down so delinquency rights are still very high. >> this is biggest government stimulus program of all. people forget, this stimulus, five trillion bucks. the president is rallying about fat cat bay but they were...
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Dec 24, 2012
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in greece, a permanent bailout. the thing is, whereas markets are an easing institutions for allocating existing goods and services among consumers, they are chronically bad at creating a surplus between deficit regions. remember -- if that comes first, suddenly the money lender who later becomes a banker who later becomes wall street plays a hugely significant role in this process. the banker is the conduct of that -- conduit of that recycling mechanism. when they get an increase in proportion as the result of their mediation of that process. the banker is the same thing as a clothes maker. suddenly, there are two things that must have been. 1 -- society will demand that banks are not allowed to go to the wall. then bankers are affectively blanche, free money for themselves. and the whole mechanism breaks down in 2008. in the eurozone, we made a huge error in europe of binding together these economies. this is not the first time these things that happened. it happened in the united states of america. you have dispa
in greece, a permanent bailout. the thing is, whereas markets are an easing institutions for allocating existing goods and services among consumers, they are chronically bad at creating a surplus between deficit regions. remember -- if that comes first, suddenly the money lender who later becomes a banker who later becomes wall street plays a hugely significant role in this process. the banker is the conduct of that -- conduit of that recycling mechanism. when they get an increase in proportion...
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Dec 16, 2012
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government it uld make us look like greece tomorrow. instead, they are in like netherland so stuff like this happens. >> we're beginning to look like greece right now. butome things have improved. prices have gone up but that is supply and demand issue. supply is way down so delinquency rights are still very high. >> this is biggest government stimulus program of all. people forget, this stimulus, five trillion bucks. the president is rallying about fat cat bay but they were exempt from dodd-frank. they basically dominate the mark 90% of the mortgage market. they've got government backing. they don't have to compete. they don't have to out perform. they make more money than the government overseer, that is doing their job. you have directors there making millions of dollars. we should have reined them in long time ago. >> there was a ignite named franklin rains, he made $90 million back during his reign and they gave out $45 million in bonuses. these organizations have a bad history. >> they got a bad history. we have always known that.
government it uld make us look like greece tomorrow. instead, they are in like netherland so stuff like this happens. >> we're beginning to look like greece right now. butome things have improved. prices have gone up but that is supply and demand issue. supply is way down so delinquency rights are still very high. >> this is biggest government stimulus program of all. people forget, this stimulus, five trillion bucks. the president is rallying about fat cat bay but they were exempt...
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Dec 23, 2012
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will eventually end up like greece? >> well, look, if i could just answer that, i'm an optimist on america. i believe in america. i'd buy it, you know, if america was a publicly-traded company, i'd buy the stock every day. this country and this economy is tremendously resilient. and one of the great things, i think, about our book is it's got ideas that require action in washington, it's also at state level, individual level and there's some business and corporate level. so, you know, what are the odds? i would, you know, i'm an on the optimist. i would say we will get back to growth. >> kevin? >> the oecd, which is an organization that studies large, developed nations just did a big study to try to identify how big the policy challenges facing the nations around the world are. and they estimated something called the fiscal adjustment, and the fiscal adjustment for greece that they need -- which is either the immediate tax increase or the immediate reduction in spending necessary to make it so that their economy doesn't
will eventually end up like greece? >> well, look, if i could just answer that, i'm an optimist on america. i believe in america. i'd buy it, you know, if america was a publicly-traded company, i'd buy the stock every day. this country and this economy is tremendously resilient. and one of the great things, i think, about our book is it's got ideas that require action in washington, it's also at state level, individual level and there's some business and corporate level. so, you know,...
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women frustration grows as taxpayers seem more money heading to debt ridden greece and all that still to come this hour on our team. at least fifteen people have been killed and more than thirty injured in the syrian city of homes my witnesses say there were two separate car bomb attacks near a mosque and a stadium many of the injured are still in a critical condition and the death toll is likely to rise this comes amid reports of syrian warplanes have hit rebel targets in the suburbs of damascus fighting between militias. and wishing troops has been raging in the area for around a month this week also some gruesome video emerged apparently showing the execution of ten on armed prisoners by syrian rebels one of the gunmen is heard referencing an al qaeda linked group a behind several terrorist attacks in the country in the meantime syria has experienced two motion wide communications blackout the opposition accuse the assad government of staging an information blockade but news analyst patrick kennedy says that primarily benefited those backing the rebel militias become a massive prob
women frustration grows as taxpayers seem more money heading to debt ridden greece and all that still to come this hour on our team. at least fifteen people have been killed and more than thirty injured in the syrian city of homes my witnesses say there were two separate car bomb attacks near a mosque and a stadium many of the injured are still in a critical condition and the death toll is likely to rise this comes amid reports of syrian warplanes have hit rebel targets in the suburbs of...
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all four of the largest banks in greece are lining up for a bailout boost after reporting huge losses this year together they'll need around twenty seven billion euros worth of loans to stay afloat the country's been relying on international bailout funds since two thousand and ten and as economist demetrius in our poll as says it's ordinary greeks who are bearing the brunt of the bank's losses the loans on which. these. days asian banks think that it's going to take reste. from the troika the e.u. the i.m.f. and the e.c.b. and they are going to be aid they're going to be part of the and greek big national debt which is going to be paid by the greek taxpayers we have and forty thousand small businesses close in these three are alone three hundred additional thousands of job losses as a total unemployment rate of twenty six percent so we have really. on the one hand austerity on the other hand bank inability to provide liquidity for the market. greece may be readying for another year of painful cuts and tax hikes but for a wider war the global economy stands at the end of the year you
all four of the largest banks in greece are lining up for a bailout boost after reporting huge losses this year together they'll need around twenty seven billion euros worth of loans to stay afloat the country's been relying on international bailout funds since two thousand and ten and as economist demetrius in our poll as says it's ordinary greeks who are bearing the brunt of the bank's losses the loans on which. these. days asian banks think that it's going to take reste. from the troika the...
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Dec 27, 2012
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becoming like greece? >> no, that is a profoundly -- do you see as becoming like greece? >> that is a profoundly different situation. the congressional budget office says that if we stay on the course we are on, we will have a debt that is 230% of our gross domestic product of the the next 20 years. most experts say once you get a debt of more than 9% of gross domestic product, that inhibit future economic growth in a significant way. this is just about -- not just about numbers on page, it is really about opportunities for people. whether you will be able to send your kid to school, to college, whether it will be able to buy a car, my house, whether we will have economic opportunity for the people of the country. the best academic research that has been done shows that if a country's debt gets too large in relationship to the size of its economy, the economy does not grow as fast. opportunity is lost. jobs are lost. so there is a similarity with what is happening in europe and what could happen here if we don't get our house in order. >> you talked about a single- minded
becoming like greece? >> no, that is a profoundly -- do you see as becoming like greece? >> that is a profoundly different situation. the congressional budget office says that if we stay on the course we are on, we will have a debt that is 230% of our gross domestic product of the the next 20 years. most experts say once you get a debt of more than 9% of gross domestic product, that inhibit future economic growth in a significant way. this is just about -- not just about numbers on...
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for greece's largest banks securing up for a bailout to stop reporting huge losses this year together the leader on twenty seven billion euros worth of loans to stay afloat greece has been relying on international bailout fund since twenty ten and there's economies dimitrius you're not. greeks are bearing the brunt of the banks losses. the loans on which. this recapitalization of the banking sector is going to decrease are coming from the the troika the e.u. the i.m.f. and the e.c.b. and they are going to be a they're going to be part of the and big national debt which is going to be paid by the taxpayer and we had forty thousand small businesses closing closing this year alone three hundred additional thousands of job losses as a total unemployment rate of twenty six percent so we have really. on the one hand austerity on the other hand bank inability to provide liquidity for the market greece move appearing for another year of painful cuts and tax hikes but for a wider a look at where the global economy stands in the end the twenty twelve we avoid it into the kaiser report next hour
for greece's largest banks securing up for a bailout to stop reporting huge losses this year together the leader on twenty seven billion euros worth of loans to stay afloat greece has been relying on international bailout fund since twenty ten and there's economies dimitrius you're not. greeks are bearing the brunt of the banks losses. the loans on which. this recapitalization of the banking sector is going to decrease are coming from the the troika the e.u. the i.m.f. and the e.c.b. and they...
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i think there are a considerable number of people who would like to cut greece loose at this juncture a because it's probably the most humane thing to do but second of all because ultimately the greek government has simply field to do anything that has really been supposed to do in terms of privatization and so on many times it's enacted legislation but failed to follow through the taxation system in greece is broken all of these sorts of horrible things lead us to the fact that greece is governed in a third world fashion at the moment not in a first world fashion and that ultimately is causing a huge amount of frustration with a great many e.u. finance ministers some of them because they've got lots of money such as say germany and poland and so on some of them because they've actually taken their medicine the poor irish twenty five thousand people on the streets of dublin at the weekend complaining about your stereotype medicine they've had to get annoyed they're hearing that the greeks are going to get all manner of concessions in order to be allowed to get through the next hurdle
i think there are a considerable number of people who would like to cut greece loose at this juncture a because it's probably the most humane thing to do but second of all because ultimately the greek government has simply field to do anything that has really been supposed to do in terms of privatization and so on many times it's enacted legislation but failed to follow through the taxation system in greece is broken all of these sorts of horrible things lead us to the fact that greece is...
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for greece if it's requested i think. you know. nobody knows for sure how much money. we all know how much money we are. approaching believe the amount of money but. what is a big figures we're talking about isn't it i mean international creditors have recently approved another tranche of aid for greece which comes at a high price for the country's population while struggling greeks now bear the brunt of the bank's losses do you think. we had a few technical problems there we just lost our guest but of course try and get hold of it later. ok well let's move on now with britain preparing to pull its troops out of afghanistan the u.k. is counting its losses in more ways than one when the full one hundred british soldiers have been killed in a war which has so far cost the government a tremendous seventeen billion pounds and artie's a explains the sum is raising a few eyebrows especially with austerity cuts being felt at home. seventeen billion pounds the british government has just revealed that that's been the cost of the so far eleven here war in afghanistan now it was
for greece if it's requested i think. you know. nobody knows for sure how much money. we all know how much money we are. approaching believe the amount of money but. what is a big figures we're talking about isn't it i mean international creditors have recently approved another tranche of aid for greece which comes at a high price for the country's population while struggling greeks now bear the brunt of the bank's losses do you think. we had a few technical problems there we just lost our...
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Dec 28, 2012
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for greece as a whole, it means that and more. the headlines are about finance ministers, debt deals, austerity measures. but it's become clear that he problem here in greece now goes well beyond just the economy. as a recent european commission report says: after years of weak growth, the crisis is now having severe social consequences. look up and you still see the ancient acropolis, symbol of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up storefronts. and, further below the surface, this: a health clinic set up by the greek branch of the international aid group, doctors of the world to serve the country's newly poor. dr. nikitis kanakis is its director. >> brown: kanakis group, in fact, had to cut back some of its work in africa because of the needs at home. here in perama, unemployment tops 50% as the shrinking economy has crippled much of the local shipping industry. at the same time, the deeply indebted greek government has made dramatic budget cuts, including to health be
for greece as a whole, it means that and more. the headlines are about finance ministers, debt deals, austerity measures. but it's become clear that he problem here in greece now goes well beyond just the economy. as a recent european commission report says: after years of weak growth, the crisis is now having severe social consequences. look up and you still see the ancient acropolis, symbol of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up...
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german lawmakers overwhelmingly back giving greece its next pay out in the week vital to keeping the country from sliding into bankruptcy now means than athens can pay wages bills this month he approved package involves among other things slashing interest rates and releasing more cash chancellor angela merkel acknowledged the weariness of germans in further aiding greece but insisted the measures help to bring stability to the euro zone investment advisor patrick says germans are the only ones for the state of the greek government. i think there are a considerable number of people who would like to cut greece loose at this juncture a because it's probably the most unique in thing to do but second of all because ultimately the greek government has simply field to do anything that it has really been supposed to do in terms of privatization and so on and many times it's enacted legislation but feel to follow through the taxation system in greece is broken all of these sorts of horrible things lead us to the fact that greece is governed in a third world fashion at the moment not in a fi
german lawmakers overwhelmingly back giving greece its next pay out in the week vital to keeping the country from sliding into bankruptcy now means than athens can pay wages bills this month he approved package involves among other things slashing interest rates and releasing more cash chancellor angela merkel acknowledged the weariness of germans in further aiding greece but insisted the measures help to bring stability to the euro zone investment advisor patrick says germans are the only ones...
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well transport grinds to a halt and services shut their doors in greece a twenty four hour nationwide strike sees people vent their fury despite a new challenge of bailout cash that story had feared. that in a few minutes time we watching a live liftoff to space russia so use rocket progress to take a crew of three to the international space station all that and more after this break. which is laugh near enough and knows that to ride a horse you've got to catch it first. for him it's a daily routine that you're soft as a horse breeder on the island of a horn at the heart of bike of his life on an isolated farm is about blue sky green grass and his horse is worthless sometimes it gets lonely here but horses have become part of me now i've fallen off so many times sometimes they bite as well it's part of my everyday life. i holmes been home to it make the rats like me just laugh for centuries most still live off the land the cattle and fish. if my call is often called the pearl of siberia and horn is said to be the pearl of by. it's a land of fake forests. and vast staps. virtually undi
well transport grinds to a halt and services shut their doors in greece a twenty four hour nationwide strike sees people vent their fury despite a new challenge of bailout cash that story had feared. that in a few minutes time we watching a live liftoff to space russia so use rocket progress to take a crew of three to the international space station all that and more after this break. which is laugh near enough and knows that to ride a horse you've got to catch it first. for him it's a daily...
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Dec 26, 2012
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greece downgraded deeper into junk." tcr stash cash beneath the mattress, pack the trunk. will drachmas creep where euros fear to tread? if you believe the headlines, then we're sunk. a crisis that lasts for years? call it a funk. austerity starves the more its maw is fed, and downgrades all our deepest bonds to junk. every politician is a punk-- the right, the left; the blue, the green, the red; ministers in cahoots with the odd monk. we've lost our marbles. elgin took a chunk. caryatids, gone on strike, sit down instead. tear gas lingers like a whiff of skunk.e' weep, pericles, or maybe just get drunk.n we'll hawk the parthenon to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk."ng >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cartco away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interestin
greece downgraded deeper into junk." tcr stash cash beneath the mattress, pack the trunk. will drachmas creep where euros fear to tread? if you believe the headlines, then we're sunk. a crisis that lasts for years? call it a funk. austerity starves the more its maw is fed, and downgrades all our deepest bonds to junk. every politician is a punk-- the right, the left; the blue, the green, the red; ministers in cahoots with the odd monk. we've lost our marbles. elgin took a chunk. caryatids,...
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Dec 27, 2012
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similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the conservative prime minister, he is not a stupid man. he was a terrible prime minister, but he is not a stupid man. you know what he did? he bailed out. he has not spoken since. he affectively called for a general election. he did not contest it. it was much worse than obama's first debate. he appeared before them and was like "don't vote for me." he lost that election. he did not have to call for that election. he called for it to lose it, to stay at home. he has not spoken since. he is having a nice holiday. and then there was papandreou. i was an advisor up until 2006. so i am not to blame. who unfortunately, he did not see the crisis of the eurozone collapsing. the eurozone had no foundation. there was an earthquake. it starts unraveling with greece. now, let's say between 1995 and 2008 god and his angels descended on an athens and ran the show. with rationality, omniscience, ethos, and morality. greece would not have been
similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the conservative prime minister, he is not a stupid man. he was a terrible prime minister, but he is not a stupid man. you know what he did? he bailed out. he has not spoken since. he affectively called for a general election. he did not contest it. it was much worse than obama's first debate. he appeared before them and was like "don't vote for...